Joel Buursma, VP Senior Software Architect and principal author of Investortools’ Monthly Municipal Market Performance Reports, was recently featured in The Bond Buyer. The article, “With muni outperformance, potential for less tax-loss harvesting”, explores how the performance of the municipal bond market in 2024 compares to previous years.
Joel Buursma shared his insights stating, “In the first ten months of 2022, short-term treasury yields surged upward over 400 basis points, while short-term municipal bond yields rose almost 300 basis points. Longer-term bond yields also rose between 200 and 300 basis points in this period. While 2024 hasn’t seen the dramatic upswing in yields seen in 2022, or even May through October of 2023, yields are nonetheless up overall in 2024.”
Joel Buursma, CIPM
Vice President, Senior Software Architect
Tax-loss harvesting, a strategy used to offset gains by selling investments at a loss, is traditionally popular as year-end approaches. While market conditions have shifted since 2023, tax-loss harvesting remains an essential process for investors.
A recent Tax-Loss Harvesting Webinar was held to showcase the platform’s features that support this strategy, focusing on how they streamline the tax-loss harvesting process for a more efficient and scalable workflow. Through the Investortools platform, users are empowered to:
- Set Targets: Define capital gain/loss goals for each portfolio
- Filter: Easily identify the best candidates for gains or losses
- Harvest: Utilize Perform’s Request-for-Quote (RFQ) workflow, including multi-platform AutoEx
- Understand Tax Impact: Review changes to estimated tax liability
These protocols and automation features are built with scalability in mind. They also support a workflow that maximizes tax-loss benefits while minimizing the impact of high bond turnover and wasted time. Interested in learning more about how Investortools supports tax-loss harvesting? Connect with us to learn more about our innovative solutions.
Optimize Your Tax-Loss Harvesting Workflow
Discover and capitalize on tax-loss harvesting opportunities within your portfolios.
About Investortools
For more than four decades, Investortools has been a leading SaaS provider, delivering solutions regarded by the industry as a prerequisite for fixed-income investment management. Its comprehensive product suite covers portfolio, order, and execution management, performance analytics, 2a-7 compliance, and credit analysis. Trusted by over 200 firms managing more than $1 trillion in assets, Investortools supports SMA managers, fund managers, broker-dealers, and other key market participants.
About The Bond Buyer
The Bond Buyer stands as a premier source of information within the world of fixed income reaching over 75,00 municipal finance professionals. More than just a news outlet, The Bond Buyer functions as a knowledge hub that sheds light on a wide spectrum of topics, including bond issuances, ratings, tax implications, infrastructure projects, and more to empower decision makers in a dynamic market.
